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Dollar Gains on Counterparts,
Keeping Euro Below Key Level

By

Michael Deibert Dow Jones Newswires

Updated April 28, 2003 6:33 p.m. ET

NEW YORK -- Having come within shouting distance of a fresh four-year low early in the global session Monday, the dollar staged a minirally, taking heart from surging stocks and pushing the euro back below the important $1.10 barrier.

The Argentine peso meanwhile, despite a sharp selloff in local stock markets, all but brushed off the fallout from Sunday's presidential election, closing slightly stronger against the dollar.